House of Representatives

Tax Laws Amendment (Implementation of the Common Reporting Standard) Bill 2015

Explanatory Memorandum

(Circulated by the authority of the Treasurer, the Hon S. J. Morrison MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ATO Australian Taxation Office
Commissioner Commissioner of Taxation
Convention The Multilateral Convention on Mutual Administrative Assistance in Tax Matters
CRS Common Reporting Standard
CRS Commentary Commentaries on the Common Reporting Standard
FATCA Foreign Account Tax Compliance Act
ICCPR International Covenant on Civil and Political Rights
MCAA Multilateral Competent Authority Agreement
OECD Organisation for Economic Co-operation and Development
TAA 1953 Taxation Administration Act 1953
US United States of America


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